The ramp up in Model X deliveries will likely be gradual, as the X will not reach full production until 2016.

That matches the pace of growth of the Model S. In 2014, Tesla delivered 32,000 Model S vehicles to customers and this year, that number is projected to grow to 48,000.

In total, Musk's company is expected to deliver 55,000 autos this year — an improvement of roughly 50% over 2014.

Along with the $35,000 Model 3, Tesla hopes the trio of models will help the company reach its goal of selling 500,000 cars a year by 2020. The Model 3 is Tesla's mass market offering, which is expected to come in the form of a sedan as well as a crossover. According to Tesla, the company plans to debut the Model 3 concept in 2016 with initial production in 2017.

Unfortunately, Musk's optimism hasn't rubbed off on investors as the company's stock has suffered a rough week of losses.

Tesla stock closed down nearly 5% today at $255. This comes after the stock lost 4% of its value on Tuesday. The drop follows more than three months of steady gains, minus the volatility that has characterized Tesla's stock price for the second half of 2014.

Since bottoming out at $185 per share on March 27, the stock has rebounded big time, ended last week at $280.